Vector group ltd (VGR)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Adjustments to reconcile net income to net cash provided by operating activities:
Distributions from real estate ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,311

11,205

0

0

-388

2,001

964

2,575

679

2,463

0

0

18,000

25,000

5,481

740

1,698

4,327

260

2,165

0

0

1,385

2,154

Changes in assets and liabilities:
Net cash provided by operating activities

115,309

-175,623

97,247

78,376

19,726

-27,974

87,382

81,712

40,714

-74,857

88,832

89,715

27,896

-23,807

42,618

83,761

-4,936

4,461

56,133

76,057

7,828

7,332

46,049

93,079

-39,084

-3,218

50,054

15,107

-9,917

-13,159

39,416

17,253

40,576

-27,974

27,428

36,033

554

-34,059

45,211

42,689

13,163

Cash flows from investing activities:
Sale of investment securities

16,672

-8,427

3,244

5,183

7,759

3,733

12,248

290

2,357

5,695

670

8,940

13,456

34,835

14,202

15,815

51,218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of investment securities

15,616

-34,490

17,188

17,302

11,308

7,820

6,301

2,486

8,112

6,239

1,490

86,194

7,174

6,479

4,000

0

343

2,838

916

790

947

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investment securities

15,798

-55,471

31,872

23,599

20,623

11,929

10,114

8,038

4,364

12,292

10,471

94,917

14,974

27,105

33,415

27,579

29,112

51,301

49,250

45,967

67,628

-7,188

202,500

73,656

36,763

40,980

39,115

85,368

5,000

4,499

0

1,148

0

2,192

1,059

0

1,788

-

-

-

-

Investments in consolidated real estate businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

40

7,617

-

0

0

0

-

-

-

-

-

-

-

-

Purchase of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

74,591

-

123,750

14,287

35,009

34,372

39,534

36,533

6,582

0

3,831

0

0

3,541

8,399

1,911

17,792

12,447

707

8,500

6,933

Proceeds from Sale of Long-term Investments

19,544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

34

38

1,216

1,867

0

549

0

-

-

-

-

-

-

-

-

0

3,971

53,333

8,886

-

-

-

-

Purchase of long-term investments

5,238

-

-

-

-

-

-

-

-

6,010

500

3,600

22,400

0

0

50

0

0

5,000

0

5,000

0

5,000

6,000

1,000

501

0

5,000

0

0

0

0

5,000

0

0

10,000

0

-

-

-

-

Payments to Acquire Real Estate Held-for-investment

673

-35,398

14,361

21,037

871

3,596

1,789

3,810

533

17,977

12,376

7,018

1,436

20,749

11,552

6,011

5,795

26,992

8,423

27,041

7,816

11,538

16,844

8,466

4,068

29,754

26,929

17,694

1,354

10,908

12,800

9,642

25

-

-

-

-

-

-

-

-

Distributions from investments in real estate ventures

1,036

-29,800

7,734

22,066

1,134

16,414

10,685

26,915

219

38,380

0

23,338

0

10,163

5,058

17,971

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of notes receivable

-

-

-

-

-

-

-

-

-

0

133

0

1,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

28

121

191

43

15,040

55

70

91

-

-

-

-

Proceeds from sale of townhomes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,994

11,635

-

-

-

-

Proceeds from sale of fixed assets

-

-

-

-

-

-

-

-

-

1

0

73

2

0

40

5

0

1

0

0

3

0

0

4

0

-

-

-

-

26

14

393

11

49

147

9

0

0

184

0

3

Increase in cash surrender value of life insurance policies

258

-535

-16

551

238

-42

-3

773

36

-29

-23

805

49

33

58

331

62

517

107

512

606

49

40

348

47

158

167

235

68

76

211

148

472

27

40

272

405

18

389

-7

536

Decrease (increase) in restricted assets

-93

668

7

-675

7

-272

8

-266

4

-138

433

-441

-2,104

8,205

-5,941

-5,691

3,017

17

-1,062

1,001

6,933

-236

737

-19

390

-1,634

-715

1,275

-7

4

1,073

1,339

-1,286

834

1,037

-944

-831

1,484

-1,262

547

331

Capital expenditures

4,888

-6,333

3,838

2,495

3,825

5,136

3,930

4,629

3,987

4,611

6,912

3,758

4,588

7,534

11,542

3,700

3,915

3,118

2,480

2,223

3,156

2,658

10,602

3,720

6,424

4,589

2,691

2,438

3,557

2,997

874

5,151

2,243

3,369

3,597

2,211

2,661

7,661

6,486

5,449

3,795

Purchase of subsidiaries

0

-

-

-

668

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes receivable

-

-

-

-

-

0

35

0

32

0

0

0

0

-

-

-

-

-

-

-

-

3,917

0

0

933

-9,460

1,027

8,433

0

-

-

-

-

-

-

-

-

-

-

-

-

Pay downs of investment securities

202

-570

283

287

258

318

365

482

446

480

533

756

864

1,370

2,916

2,752

2,174

2,996

2,213

1,936

1,594

1,159

690

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in real estate, net

340

-1,269

757

512

641

1,088

486

654

355

262

152

135

70

115

49

32

49

91

10

12,502

0

-

-

-

-

-

-

-

-

-

-

-

-

34,658

489

5,040

1,672

20,612

3,109

319

605

Net cash provided by (used in) investing activities

25,968

25,689

-23,016

-2,673

-6,414

16,101

13,343

12,132

1,887

9,810

-34,330

9,975

-21,417

-7,592

-20,049

5,531

11,797

39,719

-3,072

-46,222

-12,788

-25,627

-108,765

-76,867

-10,175

11,256

-25,205

-66,996

-11,007

-486

13,766

-11,673

-5,746

-50,832

10,567

46,858

34,692

-17,642

-22,942

-8,371

3,823

Cash flows from financing activities:
Proceeds from issuance of debt

36

-

-

-

-

-

-

-

-

0

1

20

850,000

0

338

243,225

57

586

1,497

22

0

-4

2

153,408

260,508

3,567

1,120

3,080

450,000

230,057

0

4,148

9,870

3,596

2,746

-356

433

96,341

9,788

77,473

2,112

Repayments of debt

2,638

-408

103

305

230,466

27,199

503

497

490

605

455

448

835,697

667

1,781

1,341

1,576

1,716

1,594

1,517

1,857

2,296

2,254

5,836

2,215

1,871

1,877

1,929

416,904

3,818

1,947

1,967

11,526

1,438

1,241

837

1,444

7,364

4,746

1,261

1,168

Deferred financing costs

-

-

-

-

-

-

-

-

-

0

0

0

19,200

0

0

6,600

0

0

-1

40

585

0

0

4,150

8,210

0

87

216

11,447

11,164

0

165

150

0

0

0

0

-

-

-

-

Borrowings under revolver

126,603

-110,106

32,282

77,824

94,400

45,965

126,748

79,140

55,170

36,109

10,542

71,023

39,956

39,468

15,131

30,269

59,426

22,670

3,964

19,059

107,668

240,236

216,706

232,346

196,842

255,210

249,085

259,731

214,762

279,801

268,899

288,755

236,595

295,023

282,949

269,455

216,843

302,216

259,843

256,409

216,456

Repayments on revolver

137,056

-133,953

51,646

82,307

87,420

45,897

126,777

76,149

61,728

10,604

23,391

61,174

68,305

15,970

14,421

38,741

41,482

21,260

2,163

33,700

110,792

224,922

236,130

226,216

211,520

241,787

259,119

243,197

233,691

256,525

277,485

274,018

258,064

273,551

282,962

277,919

244,076

266,507

284,761

254,333

210,997

Dividends and distributions on common stock

32,074

-118,990

60,701

58,289

60,459

55,796

57,109

55,275

57,187

53,063

53,675

52,392

52,358

51,677

49,424

48,970

48,876

48,721

46,652

46,428

46,350

45,277

41,088

40,098

40,865

37,409

35,784

35,769

35,749

36,722

34,280

33,137

32,975

32,312

31,141

30,770

31,076

29,662

29,878

27,895

30,024

Distributions to non-controlling interest

448

0

0

0

285

0

2,162

359

0

-

-

-

-

2,037

2,086

1,444

5,978

2,716

564

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

248

813

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of Vector stock

-

-

-

-

-

-

-

-

-

0

0

0

43,230

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of Vector options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120

102

410

809

744

1,002

2,020

1,385

16

528

0

0

0

95

1

44

0

63

966

0

285

473

369

138

Tax benefit of options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65

372

110

274

241

257

336

344

5

33

0

0

4

44

0

4

0

13

143

665

-

-

-

-

Net cash used in financing activities

-45,577

143,327

-80,217

-63,110

-284,230

232,673

-59,803

-53,140

-64,235

-30,777

-66,978

-43,136

-42,374

-30,716

-51,433

176,398

-38,181

-50,159

-45,037

-62,084

-50,833

-35,756

-63,291

108,735

196,269

-34,033

-46,101

-18,300

-33,029

202,244

-44,674

-16,383

-56,202

-8,682

-29,573

-39,318

-58,655

92,962

-49,235

48,255

-23,483

Net increase (decrease) in cash, cash equivalents and restricted cash

95,700

-6,607

-5,986

12,593

-270,918

220,800

40,922

40,704

-21,634

-95,824

-12,476

56,554

-35,895

-62,115

-28,864

265,690

-31,320

-5,979

8,024

-32,249

-55,793

-54,051

-126,007

124,947

147,010

-25,995

-21,252

-70,189

-53,953

188,599

8,508

-10,803

-21,372

-87,488

8,422

43,573

-23,409

41,261

-26,966

82,573

-6,497